Industrial Cable Reels Market Growth to Surge Owing to Increasing Adoption by End-use Applications

The long-term outlook on the global Industrial Cable Reels Market will remain positive with the industrial cable reels market value expected to increase at a CAGR of 4.0% during the forecast period. According to sources, the spring loaded industrial cable reels segment is expected to register healthy growth during the forecast period, primarily due its growing adoption in manufacturing plants.

Sales of industrial cable reels in the global market is estimated to reach US$ 2,480.0 Mn by the end of 2018, witnessing a Y-o-Y growth rate of 4.0% over 2017. In terms of volume of industrial cable reels, China is expected to account for nearly 22.2% of the total share in the global industrial cable reels market by the end of 2018 and is expected to retain its position in the industrial cable reels market during the forecast period.

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Key Players:

The report has profiled some of the Important players prevalent in the global like - Delachaux SA, Cavotec SA, Stemmann-Technik GmbH, Paul Vahle GmbH & Co. KG, United Equipment Accessories, Inc., Hubbell Incorporated, Parre S.p.A., Nederman Holding AB, Eaton(cooper industries), Emerson Electric Co., Legrand SA and Schneider-Electric and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Industrial Cable Reels.

Global Industrial Cable Reels Market: Dynamics

The demand for industrial cable reels is driven by investments in public and private sector construction projects across the globe. Increasing investments made by governments as well as private sector companies in infrastructural development projects will create a requirement for construction and logistic equipment, such as cranes, and will be a major factor driving the growth of the global industrial cable reels market. Within these infrastructural projects, some of the key demand drivers are expected to be construction, urban infrastructure, irrigation and mining operations. Investments in infrastructure can be classified into investments on roads, ports, airports, railways, pipelines, waterways and urban infrastructure. Also, the Middle East region has presence of well-known construction companies, especially in Dubai, Qatar, Doha and UAE.That apart, the upcoming Expo 2020 (Dubai) will create significant opportunities for industrial cable reels manufacturers to cater to the demand from the construction sector in due time.

Also, due to the flourishing industrial sector, including manufacturing, mining, construction, utilities and oil and gas, the demand for cable reels across the globe is expected to rise during the forecast period. Many companies engaged in the manufacturing of industrial cable reels are entering markets in Asia-Pacific and Middle East and Africa with the hope of capitalizing on demand and thus, expand their geographical footprint. For this, companies are focusing on developing products that comply with the operational standards in local markets.

Global Industrial Cable Reels Market: Forecast

The industrial cable reels market insights suggest that manual the industrial reels segment will continue to dominate the industrial cable reels market during the forecast period.

On the basis of cable core, the market varies from region to region. The demand for less than 4 core industrial cable reels is significantly higher at a global level.

The North America Industrial cable reels market is found to be a high value region and is further expected to dominate in terms of sales over the forecast period. However, China and Southeast Asia & Pacific are expected to grow at an above-average growth rate in the global Industrial cable reels market over the forecast period.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Industrial Cable Reels Market Manufacturers
Industrial Cable Reels Market Distributors/Traders/Wholesalers
Industrial Cable Reels Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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